https://www.taxtmi.com/caselaws?id=370730 The respondent was found to have profiteered by not passing on the benefits of GST rate reduction to consumers, violating Section 171 of the CGST Act, 2017. The respondent was directed to reduce prices, deposit the profiteered amount in Consumer Welfare Funds, and faced a show-cause notice for penalty under Section 122(1)(i) of the CGST Act. The authority emphasized the importance of passing on tax benefits to consumers and instructed authorities to ensure compliance and recover the amount if not deposited. en-us Fri, 16 Nov 2018 00:00:00 +0530 Thu, 27 Feb 2025 14:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370730 The respondent was found to have profiteered by not passing on the benefits of GST rate reduction to consumers, violating Section 171 of the CGST Act, 2017. The respondent was directed to reduce prices, deposit the profiteered amount in Consumer Welfare Funds, and faced a show-cause notice for penalty under Section 122(1)(i) of the CGST Act. The authority emphasized the importance of passing on tax benefits to consumers and instructed authorities to ensure compliance and recover the amount if not deposited. Case-Laws GST Fri, 16 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370730